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ID:346986
大小:62.00 KB
页数:14页
时间:2017-07-26
《测量与盈余管理动机:一个批判的视角【外文翻译】》由会员上传分享,免费在线阅读,更多相关内容在应用文档-天天文库。
1、外文文献翻译原文:MeasurementandMotivationsofEarningsManagement:ACriticalPerspectiveIII.MOTIVATIONFOREARNINGSMANAGEMENTInthewakeofEnronandothersimilarcases,researchershavebecomemoreinterestedinstudyingthemotivationsthatdrivefirmstomanagetheirreportedearnings.Manage
2、rshavedifferentincentivestomanipulatereportedearnings.Theymaysmoothearningstosignalinformationaboutfutureprospectstooutsidersortheymayuseaccountingitemsthataresubjecttotheirdiscretionopportunisticallyorefficiently.Abroaddiscussionaboutallsituationsthatmigh
3、tdrivemanagerstomanipulateearningsispresentednext.Basedonthat,ajudgementcanbededucedastowhetherearningsmanipulationscouldincreasethequalityofearnings.Inthispaper,thedifferentmotivationsformanagerialaccountingchoicesaregroupedintofivecategories:(1)motivatio
4、nstosmoothearnings,(2)motivationstoreducetaxexpenses,(3)motivationsfromcontractualperspectives,(4)motivationstoreducepoliticalcosts,and(5)motivationscomingfrommanagementchanges.MotivationstoSmoothEarningsAlargenumberofstudieshaveconsideredincomesmoothingas
5、anefficientwaytoreflectagoodpictureaboutthefirm’sfutureincomeflowstoinvestors.Hepworth(1953),anearliercontributor,explainsthatmanagersmaysmoothearningstoreducethefirm’searnings'fluctuationovertimeratherthantoincreasereportedincome.Followingthesameargument,
6、Gordon(1964)establishestheincome-smoothinghypothesisandconsidersitasagoodtooltoestimatefutureincomeflowsthroughenhancingtheusefulnessofaccountinginformation.Hisstudyisconsideredtobethefirststeptowardsformalincomesmoothingresearchwhichhassoughttofocusonther
7、ealmotivationsthatleadmanagerstoselectsmoothingactions.Subramanyam(1996)andChaneyetal.(1996)arguethatsmoothearningswouldleadtoanimprovementin14thequalityofearnings.Ontheotherhand,Lev(1989)arguesthatsmoothearningswoulddecreasethequalityofearnings.Helooksatt
8、hequalityofearningsfromtheviewpointofaffectingtheseearningsoninvestorsinpredictingthesecurityreturns.DefondandPark(1997)provideevidencethatjobsecuritycreatesmotivesformanagerstosmoothearnings.Theyfindthatmana
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